New York Statutes

§ 507 — Interim distributions

New York·Law LLC Limited Liability Company Law·Art. 5 Contributions and Distributions
§ 507. Interim distributions. Except as provided in this chapter, to\nthe extent and at the times or upon the happening of events specified in\nthe operating agreement, a member is entitled to receive distributions\nfrom a limited liability company before his or her withdrawal from the\nlimited liability company and before the dissolution and winding up of\nthe limited liability company.\n

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